www.nolanbusinesssolutions.co.uk
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Scheduled Cash Collection for
Microsoft Dynamics GP
Cash flow or the lack of it, is the basis for many
companies finding themselves in dire straits.
Nolan Business Solutions’ Scheduled Cash
Collection extends the functionality of Microsoft
Dynamics GP to enable Direct Debits for faster
payment and more consistent cash flow.
Nolan Business Solutions’ Scheduled Cash Collection creates scheduled
payments for businesses that offer subscription or recurring payment options to
their customers. It is fully integrated with Dynamics GP, allowing you to manage
the schedules and collections from a single system.
The Benefits
Faster payments
Easily configured to suit individual
payment schedules
Routine collection runs
Assists with cash flow planning
his module helps to increase the
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cash flow
Each customer can be individually configured to allow payments by Direct Debit
or the payment collection can be made through BACS. For quick data-entry the
schedule can be auto-generated by entering a few basic details.
Nolan Business Solutions’ Scheduled Cash Collection enables you to indicate
which customers are signed up to electronic collection and enables you to store
the bank details. On processing the collections run , Scheduled Cash Collection
looks for all the outstanding invoices for customers signed up for electronic
collection and creates the file to be sent to your banking software to make
these collections.
Scheduled Cash Collection also allows you to set up collection schedules
against Dynamics GP Sales Order Processing invoices. Individual items in the
schedule are collected on due date or can be placed on hold if collection is not
required.
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For further information on any of our products contact your local office:
Fleet: +44 (0)1252 811663 | Birmingham: +44 (0)121 767 1862 | Edinburgh: +44 (0)131 510 2015
Technical Information: Scheduled Cash Collection
for Microsoft Dynamics GP
Improve your cash flow
Processing of Direct Debit Receivables
An invoice can be marked as payable by Direct Debit in the Sales Order
Processing entry window. At this point the Direct Debit schedule is created,
detailing the amount due and the collection date for each of the payments. For
quick data entry the schedule can be auto-generated by entering a few basic
details.
Collections Processing
The Collections Processing application is used to create batches of payments
to be received. This batch is a standard GP Cash Batch, taking advantage of the
entire Dynamics GP batch processing features, such as Edit Lists, amendment of
transactions, allocations and posting. Once created, these batches are available
for printing, amendment and posting from the Receivables Batch Entry window.
The Batch Entry window has been modified to create BACS files if necessary
and to update the Direct Debit schedule. The format of the BACS export file is
fully user-definable. A number of user-defined fields can also be entered against
the customer, chequebook and transaction for use in the BACS files.
Collections Processing also creates Cash Receipt transactions. These are
available for amendment through the standard Cash Receipt Entry window,
which updates the Direct Debit schedule.
Features
Collections Schedule entered
against invoices
Collections Processing creates cash
receipt documents and BACS
files for automatic collection of the
receivables
User-defined export formats
provide the ability to create and
maintain customisable BACS export
definitions
Schedule Amendment window
A
allows manipulation of the Direct
Debit schedule
cheduled Payments reporting,
S
including Direct Debit schedules,
Future Payments and Payments on
Hold reports
Support for user-defined fields on
Chequebook Details, Customer
Details and Transaction Details
Support for user-defined export file
format
The Schedule Amendment window allows the user to amend dates and
amounts in the Direct Debit schedule details and to place payment schedules
on hold if required.
Void or returned transactions are posted using the Receivables Posted
Transaction Maintenance window, which is then modified in order to update the
Direct Debit.
For further information on any of our products contact your local office:
Fleet: +44 (0)1252 811663 | Birmingham: +44 (0)121 767 1862 | Edinburgh: +44 (0)131 510 2015